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    15515 89 St Ct NW Tacoma, WA 98403

    For Sale
    $1,900,000

    Two-building, 13-unit apartment complex in Key Center.

    Property size:
    12,320 SF

    Property Features for 15515 89 St Ct NW

    General Information

    Size
    12,320 SF

    Building Details

    Year built
    1992

    Source: COMMENCEMENT BAY BROKERS Agent NICOLAS LIND

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Well-Maintained 13-Unit Apartment Complex

    This well-maintained apartment complex features two buildings with a total of 13 units. The units are reported to be clean and in fantastic condition, with newer carpets, paint, and vinyl windows. All 13 apartments are currently occupied by tenants. The property is located in the heart of Key Center, offering convenient access to shopping, retail, and restaurants. The apartments are all metered separately, and there is a coin-operated laundry facility on-site. The property has a potential for more density. The complex is suitable as an addition to an investment portfolio or real estate holdings.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.459
    Latitude
    47.2652

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    FAQs

    What type of property is this?
    Apartment building - Two-building, 13-unit apartment complex in Key Center.
    Where is this apartment building located?
    The property is located at 15515 89 St Ct NW Tacoma, WA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Well-maintained 13-unit apartment complex in fantastic condition; - Currently 100% occupied with great tenants; - Stable cap rate of approximately 5.4%
    Request Owner's contact information
    15515 89 St Ct NW Tacoma, WA 98403
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15515 89 St Ct NW Tacoma, WA 98403
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